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© Erste vrijednosni papiri Zagreb d.o.o. |
Highlights:
- The CROBEX declined 0.16%, market liquidity weakens
- IGH to be listed on the Official market of the ZSE
market comment:
The Croatian equity market stagnated again on Thursday on poor liquidity levels, totaling only HRK 19mn in regular turnover, with only 5 stocks collecting more than HRK 1mn in turnover. The CROBEX witnessed only minor movements intraday and declined 0.16% to 3,481 points at the end of day, closing in the red territory for the fourth straight day. Oil company INA (+0.5%) was the most liquid stock, gaining 4 days in a row a closing above MOL’s offered price for the third straight day. Among other high turnovers, shipping company Tankerska plovidba surged 6% after it plunged the day before, while civil engineering company IGH gained 1.6%, supported by its listing on the Official market on the Zagreb Stock exchange. On the other side, chemical company Dioki dropped 8% on Thursday, after it surged 25% in a 6 day winning series, while shipping company Atlantska plovidba declined 1.4% to its lowest level in the last 5 weeks.
market outlook:
The Croatian equity market could witness slight negative movements on Friday, influenced by strong pessimism on the world markets seen on Thursday.
Corporate news:
IGH to be listed on the Official market of the ZSE
The Zagreb Stock exchange announced on Thursday that shares of civil engineering company IGH will be listed on the Official market of the ZSE on Friday. Shares of the company have been listed on the Public Joint Stock Companies market (TJDD) so far.
Mr. Jure Radic, company CEO said on this occasion that IGH expects HRK 770mn (EUR 105mn) in sales in 2008, which is 21% more than in 2007. The company’s aim is to reach EUR 300mn in sales in 5 years, with 40% being generated on foreign markets.
Crobex (chart)
Top 10 Turnovers (table)
Top 5 Winners (table)
Top 5 Losers (table)
Croatian Equity Daily (table)
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To view the original document, please click on the link below:
http://reports.aiidatapro.com/CBB/ErsteSecurities/Daily_05_09_2008.pdf
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Copyright: Erste Securities Zagreb, Croatian Equity Daily, Thursday, May 31, 2007 sales : Zeljka Kajkut-Brni Phone: +385 62 37 2811 kajkutz@erstebank.com Damir Eror Phone: +385 62 37 2813 erord@erstebank.com Research: Damir Cukman Phone: +385 62 37 2820 cukmand@erstebank.com Davor Spoljar Phone: +385 62 37 2825 dspoljar@erstebank.com
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Daily 05 09 2008.pdf, 184 Kb
